financetom
Business
financetom
/
Business
/
GM, LG to make new, lower-cost cells for future EVs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GM, LG to make new, lower-cost cells for future EVs
May 26, 2025 6:50 AM

DETROIT, May 13 (Reuters) - General Motors ( GM ) and

battery partner LG Energy Solution are planning to

start commercial production of lower-cost cells for future

electric vehicles at a U.S. facility starting in 2028, the

companies said on Tuesday.

The cells will have a lithium manganese-rich (LMR)

chemistry, which GM says is lower cost than the nickel-rich

cells used today, but will still give customers the range they

want in future electric trucks and full-size SUVs. The cells

will also be prismatic versus the current pouch structure,

reducing the number of parts in the battery pack by more than

50%, according to GM.

The Detroit automaker, which now has 12 electric vehicles in

its lineup, is trying to lower its battery costs to enable cost

parity with its gas-powered products by adding new types of

cells and chemistries in those cells.

"We're adopting flexible chemistries for the best balance of

range, performance and affordability," said Kurt Kelty, GM's

vice president of battery, propulsion and sustainability, during

a media briefing on the announcement. "My mission here is to get

as many EVs on the road as possible. We need to get price parity

with (internal combustion engine vehicles) and then this thing's

just going to take off."

The LMR cells will be made at one of the two LG-GM

joint-venture Ultium Cells battery plants the companies have in

Ohio and Tennessee. With the LMR prismatic cells, GM expects to

offer more than 400 miles of range in a single charge on an

electric truck, "while significantly reducing our battery

costs," Kelty said.

GM is expecting to reduce its battery pack costs by $30 per

kilowatt-hour in 2025, but it hasn't said how much its

per-kilowatt-hour costs are.

GM is also planning to offer vehicles with lithium-iron

phosphate-based cells that are also lower cost than the nickel

cells. Kelty said GM will release more information soon.

While GM aims to be the first automaker to commercially

deploy LMR batteries in its electric vehicles, crosstown rival

Ford Motor ( F ) is also working on deploying the technology,

according to a recent blog its director of electrified

propulsion engineering wrote on LinkedIn.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Microbot Medical Granted Patent for Robotic Surgical System
Microbot Medical Granted Patent for Robotic Surgical System
Aug 20, 2025
09:09 AM EDT, 08/20/2025 (MT Newswires) -- Microbot Medical ( MBOT ) said Wednesday that it has been granted a patent covering its modular robotic surgical system from the US Patent and Trademark Office. The patent coverage includes a base and a plurality of tool-receiver units arranged as separate units and independently and interchangeably attachable to the base, the company...
XOMA Royalty Unit to Acquire Mural Oncology
XOMA Royalty Unit to Acquire Mural Oncology
Aug 20, 2025
09:07 AM EDT, 08/20/2025 (MT Newswires) -- Mural Oncology ( MURA ) shares were up 15% premarket Wednesday after the company said it has agreed to be acquired by XOMA Royalty ( XOMA ) through its newly-formed subsidiary XRA 5 in an all-cash deal. Under the agreement, Mural shareholders will receive a base price of $2.035 per share with the...
Knight Therapeutics Launches Normal Course Issuer Bid
Knight Therapeutics Launches Normal Course Issuer Bid
Aug 20, 2025
09:12 AM EDT, 08/20/2025 (MT Newswires) -- Knight Therapeutics ( KHTRF ) said Wednesday that the TSX accepted its normal course issuer bid. Under the NCIB, Knight can purchase up to 3 million shares, or 3% of its issued and outstanding shares, over the next 12 months starting Friday and ending Aug. 21, 2026. Knight's share price gained 1.4% on...
NexGold Provides Final Drill Results at its Goldboro Open Pit Gold Project in Nova Scotia
NexGold Provides Final Drill Results at its Goldboro Open Pit Gold Project in Nova Scotia
Aug 20, 2025
09:07 AM EDT, 08/20/2025 (MT Newswires) -- NeXGold Mining ( NXGCF ) , which lost more than 7% yesterday, provided Wednesday drill results for the final 14 infill diamond drill holes, from a recently-completed 26,854-metre diamond drill program at its Goldboro Open Pit Gold Project in Nova Scotia. The company on Wednesday, said the drill program which was primarily designed...
Copyright 2023-2026 - www.financetom.com All Rights Reserved